Next-Generation Sequencing Data Analysis Market To Exhibit A Lucrative CAGR Of 15.02%From 2021 to 2028

 San Francisco, 16 Feb 2021: The Report Next-Generation Sequencing Data Analysis Market Size, Share & Trends Analysis Report By Product, By Workflow, By Mode, By Read Length, By End-use, By Region, And Segment Forecasts, 2021 - 2028

The global next-generation sequencing data analysis market size is expected to reach USD 1.72 billion by 2028 registering a CAGR of 15.02%, according to a new report by Grand View Research, Inc. Key drivers contributing to market expansion include the growing adoption of sequencing platforms for clinical diagnosis because of a significant reduction in the cost of installation. The easy availability of genomic and proteomic data is also expected to create lucrative growth opportunities in this market during the forecast period.

In addition, a decrease in the cost of sequencing is expected to increase the adoption of next-generation sequencing (NGS), which, in turn, is likely to boost the market growth. Availability of tools, such as Agilent’s HaloPlex capture system and Targeted Methyl-Seq platform from EpiGentek Group Inc., has helped in the determination of DNA methylation profiles in individual genomes. An increase in the adoption of bisulfite-methylation for targeted sequencing and targeted methylation NGS data analysis methods is anticipated to propel market growth.

EpigenDx, CD Genomics, Novogene Co., Ltd., and Epigentek Group, Inc. are the key players that offer methylation sequencing and targeted bisulfite sequencing data analysis services. The launch of new products will further boost revenue generation in the market. Major market participants have undertaken various strategic initiatives to strengthen their position in the market. For instance, in January 2021, Transnetyx, Inc. collaborated with One Codex to provide end-to-end analysis and microbiome sequencing services. This is expected to offer affordable sequencing analysis services to researchers.

Access Research Report of Next-Generation Sequencing Data Analysis Market @ https://www.grandviewresearch.com/industry-analysis/next-generation-sequencing-ngs-data-analysis-market

Next-Generation Sequencing Data Analysis Market Report Highlights

• Services dominated the products segment in 2020 and will retain the leading position growing at the fastest CAGR during the forecast period
• Although NGS is advantageous in terms of affordability and speed, many research entities are unable to adopt it owing to a lack of sufficient computational infrastructure and skilled professionals to analyze the generated information
• Therefore, institutions that lack provision for data interpretation, analysis, and management adopt platforms & services offered by other companies in the market
• Tertiary analysis occupied a major portion of the revenue generated by the workflow segment as it accounts for the most complex and important step of Next-Generation Sequencing, which is directly linked with the interpretation of results
• In-house mode dominated the market in 2020 and is expected to maintain its dominance during the forecast period
• However, the outsourced mode is expected to register the fastest CAGR from 2021 to 2028 owing to the time and cost benefits associated with this mode and the presence of key players offering data analysis services
• The short-read sequencing segment led the global market in 2020 due to the wide adoption of these techniques as they are inexpensive and can work with fragment DNA along with the availability of several tools and algorithms
• The academic research end-use segment generated the largest revenue in 2020; however, clinical research is estimated to be the fastest-growing segment from 2021 to 2028
• North America dominated the global market in 2020 owing to the launch of large-scale genome sequencing projects and the rise in demand for personalized medicine

List of Key Players of Next-Generation Sequencing (NGS) Data Analysis Market

• Thermo Fisher Scientific, Inc.
• QIAGEN
• Illumina, Inc.
• Hoffmann-La Roche Ltd.
• Agilent Technologies, Inc.
• Bio-Rad Laboratories, Inc.
• PierianDx
• Intrexon Bioinformatics Germany GmbH
• Partek, Inc.
• Eurofins Scientific
• Pacific Biosciences of California, Inc.
• DNASTAR, Inc.
• Congenica Ltd.
• Fabric Genomics, Inc.
• Genuity Science
• DNAnexus Inc.
• SciGenom Labs Pvt. Ltd.
• Golden Helix, Inc.

Access Press Release of Next-Generation Sequencing Data Analysis Market @ https://www.grandviewresearch.com/press-release/global-next-generation-sequencing-ngs-data-analysis-market